Ripple is a money transfer network that was created to provide new and more improved services to the financial industry. The company behind the crypto asset XRP is Ripple and operates as a payment settlement system and currency exchange network that processes global transactions. The network was created to replace many money transfer platforms such as SWIFT, SEPA etc and take out the need for intermediaries and their charges between recipient and sender.
There are many crypto wallets available in the market and it may be a difficult choice having to pick an online Ripple wallet. Following this curated list of the best Ripple wallet, investors will be able to choose which one suits their needs in terms of security, fees and usability.
best ripple wallet
- Exodus Wallet
Exodus is a non-custodial wallet that is used to store a large number of crypto assets, conveniently. Founded in 2015, Exodus is one of the best wallets to store Ripple 2022. Using a well-designed mobile app, the wallet has a great display with which users can manage their assets without hassle.
As a non-custodial wallet, the security features are excellent and enable users to be in control of their assets . Should you require an additional security layer, they can easily link their wallet to a hardware wallet like the Trezor Model T to ensure your assets are kept offline from harm’s way. Another major benefit is that the Exodus team regularly update their security features every two weeks, making it ideal as the best Ripple wallet due to this conscious attention to safety.
Using Exodus, investors can buy XRP using a credit/debit card, bank transfer or Apple Pay. The only fees applicable when using Exodus are network fees *(Miner fees), so investors can do their transactions at very subsidized rates.
Exodus currently supports over 225 crypto assets and also has a built-in exchange to manage crypto transactions while offering earning opportunities such as staking.
The Exodus wallet comes with a real-time price chart of your selected coins as well as a portfolio management software which is easy to use. Also, the digital wallet allows users to earn a variable passive income through its ‘Earn’ feature.
- Coinbase Wallet
Another best Ripple wallet to use is Coinbase Wallet. This is a self-custody wallet that gives users the access to control and manage their crypto assets safely and securely. The digital wallet is a service offering from the Coinbase stable and grants users the ability to store their crypto, private keys and data as well as NFTs while retaining full control of their assets, Coinbase is currently one of the best Ripple wallet apps in the crypto space.
Users can explore the decentralized web with confidence as it harnesses the power of decentralized finance (DeFi) to help users grow their earnings, NFT collections etc. The wallet provides liquidity pools with which users can supply and borrow crypto, swap their assets or join a decentralized autonomous organization (DAO). These organizations help to make major web3 projects that are vital to advancements in the blockchain.
Coinbase wallet supports over 500 crypto assets, making it exceptionally easy for investors to exchange and earn on their Ripple assets. With such a broad bank of crypto assets and 98 million verified users, Coinbase employs some of the most advanced security measures to keep user information and funds safe.
Since the Coinbase wallet is non-custodial, users have access to their private keys, so even if the servers are compromised, hackers cannot access your funds. The digital wallet also uses a PIN or password that is unique to the owner and provides biometric verification for mobile app users.
In terms of fees, the Coinbase Wallet does not charge any except for miner fees. Another major plus is that the wallet links directly to the regular Coinbase platform allowing you to also buy and sell digital assets.
- Trust Wallet
Owned by the world’s largest crypto exchange by trading volume, Binance, Trust Wallet is one of the best Ripple crypto wallets out there. The digital storage facility is a decentralized application (dApp) platform that not only allows users to buy Ripple swiftly but they also grant users the ability to earn interest on their crypto, exchange their crypto and track their prices simultaneously
Trust Wallet is especially unique because it supports over 4.5 million assets and 65 blockchains, making it easy for users to exchange and manage their Ripple crypto through multiple channels. Trust Wallet is available and compatible with both Android andApple devices and has an average user review of 4.7 stars. This is an above average review and enables users to be confident that their assets are safe and private.
The platform has an easy to use interface and does not present any hassle to customers when they use it. This has helped the platform accrue over five million active users. For security measures, Trust wallet employs pin code scanning. User information is never stored on its servers but on user computers, which puts the sole responsibility to secure private keys on the user.
The software wallet does not charge any fees to users when they install the app on their mobile or set up their account. The only charges applicable are gas fees (network fees) which are for processing transactions and for crypto purchases.
- Ledger Nano
Ledger Nano is a hardware wallet that supports a wide range of assets and provides top notch security for investors looking to store Ripple crypto. Hardware wallets such as the Ledger Nano come in the form of physical devices such as USB devices which store cryptocurrencies and users’ private keys offline. Due to this unique storage strategy, it is almost impossible for an external party to gain access to a user’s funds.
As one of the best hardware wallet for Ripple, it allows users to secure and control their assets in one place while implementing 2FA for security. Users of the wallet can gain access to their wallet on a computer through its USB-C cable and Bluetooth connection.
Ledger Nano supports over 5500 cryptocurrencies which include Bitcoin, Ethereum, Litecoin and Ripple. This type of wallet is available to all countries and is compatible with both Android and iOS devices through its Ledger Live functionality. The wallet comes with a Lithium-ion 100mAh battery which supplies eight hours of extended battery life.
Fee-wise, Ledger charges for only miner fees and allows users to select their preferred range.
Ledger Nano provides staking support for ERC20 tokens. The wallet has CC EAL5 certification and is available at about $175.
- Trezor
The Trezor wallet is one of the best hardware wallets for Ripple for many reasons. The wallet is best for investors looking for a digital security solution that exceeds cryptos and helps control or manage their assets.
As a hardware wallet, it comes in the form of a USB device and can easily be plugged into a computer or connected to a smartphone. This helps users to randomly generate a PIN code for signing transactions on the blockchain. The wallet is simple to use as it is modified with a touchscreen to enable easy toggling. Since it stores investor’s crypto assets offline, it provides top notch security as funds cannot be stolen through cyber attacks.
Trezor is compatible with Linux, Android, Windows 10+, MacOS10.8+ and can be operated by simply plugging into any of these devices. Trezor hardware wallets can be linked to a third-party validator or staking pool, in this way, investors can stake their assets remotely. Trezor supports over 1,800 crypto assets including Ripple and is regarded as one of the most secure ways of storing Ripple. It is CE and RoHA certified and provides blockchain support for ERC-20 tokens.
- Atomic Wallet
Atomic wallet is one of the best crypto wallet for Ripple as it is designed to serve novice crypto investors thoroughly. The wallet differentiates itself from others with its decentralized exchange called Atomic Swap which provides an extra layer of security to users. By allowing them to store their private keys on their wallets on their devices, user funds are hedged against hacks and theft.
The app is backed up by a 12-word recovery passphrase that needs to be stored offline just in case the user device is compromised. Only the sole user of the wallet should have access to this passphrase and is useful when trying to recover an account that has been lost on an old device.
The app is useful to beginners as it allows them to buy crypto through their bank cards using fiat which eliminates the need for a third-party app which reduces charges applied. Users can store over 500 crypto assets and tokens which makes it one of the best Ripple wallets for desktops as well as Android and iOS devices. Atomic wallet is free to download but will charge a flat 2% fee for each transaction; however, bank charges also apply and can go as high as 5% depending on the payment method.
Conclusion
Digital asset storage is a growing field as issues surrounding safety of users’ funds become more pronounced. While there are a plethora of options in safeguarding your digital funds, we recommend working with only the best Ripple wallets that we have covered.
They come with high security measures and have a strong reputation in the crypto space. However, our top pick is Exodus Wallet due to its recurrent security updates.
